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Cincinnati Financial Corp. (CINF)
NASDAQ:CINF
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
1.72Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -0.35%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented strong financial results with significant growth in operating income, premium growth, and investment income, along with improvements in combined ratios. However, the impact of the California wildfires and unfavorable investment portfolio valuations presented challenges. Overall, the highlights significantly outweigh the lowlights, indicating a positive sentiment.Company Guidance
During the Cincinnati Financial Corporation's fourth quarter and full year 2024 earnings call, several key financial metrics were highlighted. Net income for the fourth quarter was $405 million, with a noted unfavorable swing of $931 million compared to the previous year due to changes in the fair value of equity securities. The company also reported a significant 38% increase in non-GAAP operating income for the quarter, reaching $497 million, and a 26% rise for the full year. The property casualty combined ratio for the fourth quarter improved by 2.8 percentage points to 84.7%, contributing to a full-year combined ratio of 93.4%, which was 1.5 points better than in 2023. The company experienced strong premium growth across its segments, with consolidated property casualty net written premiums increasing by 17% for the quarter. The company estimated first-quarter 2025 pre-tax catastrophe losses from California wildfires at $450 to $525 million, net of reinsurance recoveries. Investment income also saw growth, reaching $1 billion for the year, with a 15% increase compared to the prior year.Strong Financial Performance
Operating income increased 38% for the fourth quarter and 26% for the full year 2024. Net income rose 24% for the year.
Improved Combined Ratios
The fourth quarter property casualty combined ratio improved by 2.8 percentage points to 84.7%, with the full year combined ratio at 93.4%, an improvement of 1.5 percentage points compared to 2023.
Significant Premium Growth
Consolidated property casualty net written premiums grew 17% for the quarter, including 15% growth in agency renewal premiums and 23% in new business premiums.
Investment Income Increase
Investment income grew 17% for the fourth quarter and 15% for the full year 2024, with interest income increasing 28% for the fourth quarter.
Capital Management Success
For full year 2024, $490 million was returned to shareholders through dividends paid, along with share repurchases. The book value reached a record high of $89.11 per share.
Value Creation Ratio Achievement
The company's value creation ratio reached 19.8% on a full-year basis, exceeding the target of 10 to 13% on a five-year average.
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CINF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CINF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $135.62 | $139.43 | +2.81% |
| Oct 24, 2024 | $137.46 | $140.45 | +2.18% |
| Jul 25, 2024 | $118.91 | $122.53 | +3.04% |
| Apr 25, 2024 | $116.24 | $108.82 | -6.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cincinnati Financial Corp. (CINF) report earnings?
Cincinnati Financial Corp. (CINF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Cincinnati Financial Corp. (CINF) earnings time?
Cincinnati Financial Corp. (CINF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CINF EPS forecast?
CINF EPS forecast for the fiscal quarter 2025 (Q1) is -0.27.
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